Standard Life cuts 360 direct sales staff

The Direct Customer Division is to be split into three separate business units: Telesales, Corporate Account Management and Direct Client Management. The units will collectively be known as Standard Life Direct. The branches being closed are located in Belfast, Chester, Colchester, Dundee, Leicester, London (West End), Maidstone, Newcastle, Sheffield and Southampton. Nathan Parnaby, managing director sales, says the job cuts will create a more "cost effective" business, and those facing redundancy will be offered assistance in finding alternative employment. The sales focus of ...